2022-06-212023-06-302023-06-30false14186241YELLO XYZ 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YELLO XYZ LTD

Registered Number
14186241
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2023

YELLO XYZ LTD
Company Information
for the period from 21 June 2022 to 30 June 2023

Directors

SLATER, Michael Edward
SMET, Stef Marc
VERLINDE, Hannes Luc H

Company Secretary

OHS SECRETARIES LIMITED

Registered Address

9th Floor 107 Cheapside
London
EC2V 6DN

Registered Number

14186241 (England and Wales)
YELLO XYZ LTD
Balance Sheet as at
30 June 2023

Notes

2023

£

£

Fixed assets
Tangible assets55,870
5,870
Current assets
Debtors7116,450
Cash at bank and on hand2,023,643
2,140,093
Creditors amounts falling due within one year8(8,807)
Net current assets (liabilities)2,131,286
Total assets less current liabilities2,137,156
Net assets2,137,156
Capital and reserves
Called up share capital302
Share premium83,680
Other reserves2,398,970
Profit and loss account(345,796)
Shareholders' funds2,137,156
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2024, and are signed on its behalf by:
SLATER, Michael Edward
Director
Registered Company No. 14186241
YELLO XYZ LTD
Notes to the Financial Statements
for the period ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

2023
Average number of employees during the year3
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions7,9147,914
At 30 June 237,9147,914
Depreciation and impairment
Charge for year2,0442,044
At 30 June 232,0442,044
Net book value
At 30 June 235,8705,870
At 20 June 22--
6.Further information regarding the company's financial position
Included in other reserves are Simple Agreements for Advanced Subscription Agreements ('ASA's') totalling £2,398,970. The ASA's are expected to convert to equity at the time of the company's next equity funding round.
7.Debtors

2023

£
Other debtors115,200
Prepayments and accrued income1,250
Total116,450
8.Creditors within one year

2023

£
Other creditors8,807
Total8,807